Determining what type of home works for you and your lifestyle is vital, especially if you want to purchase a new home. Some of the most common dwellings available include single-family homes and townhomes. Both offer very different experiences while still being able to give you the square footage you’re looking for in a home.

Convenience

When it comes to convenience, you can always expect a townhome to be available and conveniently located in or near the city. For those who deem it necessary to live close to shopping centers and even have a short commute to their jobs in the city, a townhome may be the right option. They are built to save space in neighborhoods in these areas. Single-family homes can be found in these areas, but they are more likely to be built in suburban or rural areas. 

Privacy

When it comes to privacy, single-family homes are the clear winner. These properties do not share walls with others and even have separate yard space away from your neighbors. For townhomes, they aren’t as private. You share walls with at least one neighbor, and if your home is in a large row, you can share walls and space with neighbors on both sides. This means you have less yard space and more patio area that is easily seen and heard by your neighbors. 

Property Maintenance

Because townhomes share walls and have smaller properties, your property maintenance is less than a single-family home. Townhomes are usually associated with an HOA that will cover these maintenance expenses and are great for those who aren’t going to spend a lot of time at home. Single-family homes put full responsibility on you, as the homeowner, for the structure and the yard. 

If you need home insurance in the Rochester Hills, MI, area, contact our team at Guy Hurley McNeil today for more information. 

You know your homeowner’s policy protects your investment in your home. However, there are some surprising things you may not know are covered by home insurance. We offer homeowner’s insurance to the metro Detroit area at Guy Hurley McNeil in Rochester Hills, MI. 

Identity Theft

Most homeowner’s policies offer protection from identity theft and online fraud. This has been the standard for about ten years, but most homeowners don’t realize they have this type of coverage. Your policy may cover lost wages, legal expenses, and other expenses associated with identity theft. 

Spoiled Food 

You may know that your homeowner’s policy covers your personal belongings. However, you may not know that this includes the food in your fridge. 

If food becomes spoiled due to a power outage, fire, or other covered event, your policy will pay to restock your fridge and freezer. 

Living Expenses 

Imagine your home is damaged by fire, and you have to live somewhere else until the damage is repaired. If your home is temporarily unlivable or destroyed, your homeowner’s policy will pay for your living expenses until you can get back into it. This includes rent or hotel room and food costs. 

New Door Locks 

You may be aware your homeowner’s policy covers theft and vandalism. If items are stolen, your policy will cover their value. You are also covered if your window or door is broken in a burglary. However, you may not know it also covers new door locks if they are damaged during a break-in. 

Homeowner’s Insurance at Guy Hurley McNeil

If you need a homeowner’s policy or want to upgrade your existing coverage, contact Guy Hurley McNeil in Rochester Hills, MI. Our experienced agents are here to help you select the best policy for your needs. 

Homeowners with luxury homes in or near Rochester Hills, MI, may be eligible for high-value homeowner’s insurance. While some similarities exist with regular homeowner’s insurance, high-value policies also boast unique features. Allow us at Guy Hurley McNeil to illustrate how high-value policies can offer superior protection for your upscale residence and the items you keep inside.

Extensive Coverage and Enhanced Limits

Many high-value insurance policies provide coverage for your dwelling based on replacement costs rather than on an open perils basis. Luxury homeowners often seek coverage for unique items such as artwork and jewelry, which usually require a rider on a regular homeowner’s policy. Additionally, high-value policies afford higher coverage limits for contents, clothing, and the like. Some even cover water backup, identity theft, and landscaping damage. Certain providers specialize in luxury home insurance and offer superior customer service levels.

Determining the Adequate High-Value Coverage for Your Premium Residence

Your high-value home insurance needs primarily depend on your home’s value. High-value policies usually cover homes valued at $750,000 and above, with some companies only insuring homes valued at $1 million and up. However, other factors include your personal property amount and unique circumstances, such as having a private sports court or swimming pool. If you’re a public figure, you might need increased liability coverage. Many luxury homeowners choose an umbrella liability policy to safeguard against such risks. Further, additional living expenses tend to be higher for luxury homeowners if their homes become uninhabitable.

Contact Guy Hurley McNeil to Explore Your Options

Guy Hurley McNeil, helping homeowners in and around Rochester Hills, MI, can help you determine the coverage you need. Contact our office today to set in motion a policy that provides optimal protection for your luxury home.

Nothing is worse than having your home vandalized or damaged by a natural disaster and caught without adequate home insurance coverage. The financial repercussions and the emotional toll taken on families can be overwhelming. Incidents like these highlight the importance of proactive planning and choosing a comprehensive home insurance policy that can help families quickly recover from unexpected losses. 

If you want to secure your Rochester Hills, MI home, a comprehensive home insurance policy is an excellent way to start! Insurance professionals at Guy Hurley McNeil in Rochester Hills can help you craft a policy to protect your most important investment. 

How Home Insurance Protects Your Interests

Living in the tranquil city of Rochester Hills, MI comes with many upsides. However, like any other US city — it has at least one or two downsides. Home insurance protects your interests from extensive financial loss. 

Offset the Damages Associated with Natural Disasters and Theft

Home insurance can help cover the costs incurred during events like fires, vandalism, theft, or natural disasters that can strike your dwelling at any time without warning. Experienced insurance professionals at Guy Hurley McNeil can explain the benefits and coverage limits for dwelling insurance coverage, liability coverage, and additional living expense coverage. 

Trusted Insurance Partners Guide You Through the Process

In the face of uncertainty, having a trusted and reliable insurance partner is paramount. Get peace of mind and make sure your family’s financial interests are well protected with home insurance.

Our knowledgeable and friendly insurance agents are standing by to answer your questions, address your insurance-related concerns, and guide you through the intricacies involved in crafting a tailored home insurance policy. Contact an insurance expert to get a quote today! 

 

Home-based businesses are on the rise, with more people turning their homes into hubs of entrepreneurial activity. If you’re one of these enterprising individuals, it’s essential to understand how your home-based business can impact your home insurance. Guy Hurley McNeil, providing home insurance to residents in the greater Rochester Hills, MI region, wants to help educate you on this topic.

Assess Your Current Coverage

The first step is to review your existing home insurance policy. Standard homeowners or renters insurance typically covers personal property but may not extend to business-related items or liabilities. Knowing what your current policy includes is crucial to identify any gaps in coverage.

Consider Business Endorsements

Consider adding business endorsements or riders to your policy to protect your home-based business. These specialized add-ons can broaden your coverage to include business equipment, inventory, and even liability related to your home-based business activities. Consult your insurer to discuss your specific needs.

Liability Protection

Running a business from home means interacting with clients or customers on your property. If someone gets injured during a business-related visit, your standard policy might not cover it. Liability protection is crucial in these situations. Discuss options with your insurer to ensure you have sufficient coverage.

The rise of home-based businesses is an exciting entrepreneurial shift, but it comes with insurance considerations. With the right insurance in place, you can confidently pursue your entrepreneurial dreams from the comfort of your own home. If you’re an entrepreneur who works out of your home, Guy Hurley McNeil can help you find the right home insurance policy for your needs in the greater Rochester Hills, MI region. Call us to obtain an estimate. 

Home insurance offers eight forms – five forms for houses, one for mobile homes, one for condos, and one for renters. This blog explains the differences between the home insurance forms, so clients of Guy Hurley McNeil can more easily decide which level of protection they want for their Rochester Hills, MI home.

Home Policies for Houses

Five forms of home insurance cover houses. Each offers a different amount of perils coverage, so you choose which best suits your situation. The options include:

• HO-1 offers the most basic perils coverage of ten named perils. It protects your structure but doesn’t typically include personal property coverage.
• HO-2 offers coverage for more perils, bringing the total up to sixteen perils. Some policies offer personal property coverage.
• HO-3 offers all perils coverage, although many policies create an exception for earthquakes. All policies create an exception for floods. These policies cover structural and personal property damage and insure the home using replacement cost value.
• HO-5 offers comprehensive coverage that extends to every peril except for floods. It covers the structure and its contents using replacement cost value.
• HO-8 offers coverage for architecturally significant and historical homes. It only covers ten perils, the same ones included in an HO-1 policy.

If you don’t own a house but instead own a mobile home or a condo, home insurance provides tailor-made options for you.

Policies for Other Types of Domiciles

A condo policy, HO-6, covers the condo walls and everything inside them. It also protects your porch, patio, or balcony. An HO-7 policy protects your financial investment in a mobile home with a foundation and personal property.

If you rent an apartment, condo, or home, choose a HO-4 policy called renters insurance. It only covers your personal property.

Contact Guy Hurley McNeil Today

Call or email our insurance agency to purchase the insurance policy to protect your Rochester Hills, MI home. Let us help you insure your home so you ensure your financial security.

Serving the Rochester Hills, MI area, the agents at the Guy Hurley McNeil insurance agency want you to learn about the different coverage options available for you to choose from when it comes to home insurance.

Your house may very well be the most significant investment you will ever make, so you will want to protect it with an adequate amount of home insurance.

What Does Home Insurance Cover?

Home insurance is designed to cover the structure of your home. This means if it is damaged by vandalism, a fire, or even a natural disaster, your home insurance policy will help you repair or rebuild your house. It can also help you pay for alternate housing while your home is being repaired. It will also help you to purchase new clothing, appliances, personal belongings, furniture, and other things that may have been damaged inside your home.

Home insurance can also cover any outbuildings on your property, including decks and garages. It will also help you replace stolen items if your home is burglarized.

If you have a mortgage loan that you are paying on that you used to purchase your house, there is an excellent chance that your lender already requires you to have an adequate amount of home insurance in place. Even if you do not owe money for your home, having a home insurance policy is an excellent idea because you never know when disaster will strike.

Contact Guy Hurley McNeil

The home insurance agents at Guy Hurley McNeil serving the Rochester Hills, MI area are here to serve you and all of your insurance needs. Call today to get your home insurance policy started!

Home insurance can protect you against covered damage to your home, but did you know it may also protect you from lawsuits? If you’re in the market for home insurance in Rochester Hills, MI, or would like to upgrade your policy, the agents at Guy Hurley McNeil can help. You can also ask us about what type of home insurance provides legal protection. Keep reading to learn more!

What Is Home Insurance Liability Coverage?

Personal liability coverage is included in most home insurance policies. It handles the legal costs if you face a lawsuit due to personal injury or property damage due to events listed on your policy. On the other hand, if someone hurts themselves on your property, you could face serious legal bills if you don’t have liability coverage. 

Examples of Lawsuits Covered by Home Insurance

Accidents in the home are common causes of claims. If a visitor gets hurt while spending time on your property, you may have to pay medical expenses. Here are a few examples to consider when setting your policy limits:

• Overserved guest: If someone drinks too much at your weekend mixer and then gets into an accident, they could sue you for damages. 
• Trips and falls: Icy sidewalks or slippery floors can cause passersby or guests to slip or fall. Alternatively, someone could trip over a driveway crack. Without liability coverage, you could face serious financial obligations.
• Pool or trampoline injuries: If the neighbor’s kids get hurt in your pool or on your trampoline, they can sue you for medical expenses.
• Dog bites: Check your policy carefully for breed restrictions on this coverage.

We can help you protect your family against significant financial burdens with liability coverage baked into your policy. For more information on home insurance coverage in Rochester Hills, MI, contact the experienced staff at Guy Hurley McNeil.